Announcements
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Aruna Hotels

Aruna Hotels will hold a meeting of the Board of Directors of the Company on 24 December 2018.

Elecon Engg.Co

Elecon Engineering Company announced that Brickwork Ratings India has upgraded its ratings of various long term credit facilities to BWR A-; Stable from BWR A-; Negative.

JCT

JCT will hold a meeting of the Board of Directors of the Company on 31 December 2018.

M & M

Mahindra & Mahindra has signed a share subscription agreement with Sampo Rosenlew Oy, Finland, an Associate of the Company (Sampo) and has agreed to subscribe to 822 Equity Shares and 192 Compulsorily Convertible Preference Shares. Pursuant to this, the voting rights of the Company in Sampo would increase from 35% to upto 49.04%.

Total acquisition cost is Euro 46,59,534 (equivalent to around Rs.37.74 crores at the foreign exchange rate of Rs.81 per Euro).

Sampo was founded in 1853 and is based out of Pori, Finland. Sampo is a manufacturer of combine harvesters and forest machinery with market presence in Europe, CIS and Algeria.

Shanthi Gears

Shanthi Gears will hold a meeting of the Board of Directors of the Company on 26 December 2018.

Dewan Hsg. Fin.

Dewan Housing Finance Corporation will hold a meeting of the Board of Directors of the Company on 18 December 2018.

Excel Glasses

Excel Glasses will hold a meeting of the Board of Directors of the Company on 18 December 2018.

B P C L

The Board of Bharat Petroleum Corporation at its meeting held on 17 December 2018 has approved the proposal of appointment of N Vijayagopal, Executive Director (Corp Finance) and CFO of the company as Additional Director & Director (Finance) for a period of five years.

N. Vijayagopal has taken over as Director (Finance) w.e.f. 17 Decmeber 2018.

Aarti Inds.

Aarti Industries will hold a meeting of the Board of Directors of the Company on 18 December 2018.

Olympic Oil Ind.

Olympic Oil Industries announced the resignation of Sharad Bhartia, Whole-Time Director of the Company with effect from 17 December 2018.

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